Mach Industries has acquired aerospace and defense company Exquadrum as the drone manufacturer moves to bring more propulsion and energetics work in-house.
Mach Industries has acquired aerospace and defense company Exquadrum as the drone manufacturer moves to bring more propulsion and energetics work in-house.
The deal gives Mach Industries direct access to Exquadrum’s solid rocket motor technologies, testing infrastructure, munitions expertise, and propulsion development capabilities. Financial terms were not disclosed.
Exquadrum will now operate as “Mach Energetics,” becoming the company’s dedicated energetics division focused on warheads, pyrotechnics, and related technologies.
Mach Industries said the acquisition is intended to speed up development cycles for its unmanned systems by reducing reliance on outside suppliers for key propulsion components.
Eric Schmidt, president and co-founder of Exquadrum, described the acquisition as an “intentional decision to bring together expertise, passion, and vision to create an entirely new capability, purpose-driven to deliver real advantage to the warfighter in defense of our great country."
Defense Industry Consolidation
Defense companies have increasingly turned to acquisitions over the past year to expand manufacturing capacity, secure critical supply chains, and gain access to autonomous and propulsion technologies.
In April, KNDS France completed its purchase of Texelis Defense, bringing vehicle mobility systems expertise in-house as demand for land platforms grows across Europe.
In March, Leonardo finalized its $1.8-billion acquisition of Iveco Group’s defense business, adding Iveco Defence Vehicles and ASTRA to its portfolio of military platforms and systems.
That same month, AeroVironment acquired California drone maker Empirical Systems Aerospace for about $200 million to strengthen its advanced drone development and production capabilities.
